Cabot Micro (CCMP) will raise its quarterly dividend by 5.0 percent to $0.42 per share in the first quarter of 2019. Last year the semiconductor industry supplier doubled its dividend.

The dividend will be payable on or about April 30, 2019 to shareholders of record at the close of business on March 21, 2019. The new annual rate of $1.68 per share yields 1.5% at a stock price of $110.09 for CCMP.

Cabot Microelectronics Corporation is a supplier of CMP polishing slurries and a CMP pad supplier to the semiconductor industry. The Company develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives.